SOURCE: Elephant Talk Communications

Elephant Talk Communications

Elephant Talk Communications

June 30, 2011 04:01 ET

ValidSoft CEO to Emphasise Security at "The Future of Cards and Payments" Conference

LONDON--(Marketwire - Jun 30, 2011) - Patrick Carroll, CEO of ValidSoft (www.validsoft.com), will speak at a conference on July 4 and 5 in London on "The Future of Cards and Payments," a gathering of senior representatives of banks, card issuers, and merchant acquirers. Industry-leading speakers will analyse how regulation, new technology and customer-driven services can generate business growth, reduce costs and increase customer loyalty. The topic of Carroll's presentation will be "Competitive Differentiation through Security."

ValidSoft is a wholly-owned subsidiary of Elephant Talk Communications, Inc. (OTCBB: ETAK) (http://www.elephanttalk.com/), an international provider of business software to the telecommunications and the financial industries. ValidSoft is a global supplier of fraud prevention, authentication and transaction verification solutions.

Speakers and panelists at the conference will focus on how challenges regarding the economic climate, regulation, and fraud, can be channeled into competitive customer offerings. Carroll will take this opportunity to position ValidSoft's fraud prevention solutions as part of overall value propositions to banking customers across electronic channels, including cards (ATM and POS) and online banking, leading to greater customer security, self-service and an improved user experience. The conference is organized by Marketforce.

See http://marketforce.eu.com/Conferences/cards11/Programme/.

ValidSoft has signed an agreement with Visa Europe to provide ValidSoft's fraud-prevention solutions, VALid-POS®, and VALid®, ValidSoft's Four-factor authentication platform. The agreement will allow Visa Europe to integrate and market the solutions as services to its member banks as part of its European processing platform. ValidSoft is the only security software company in the world to be awarded the European Privacy Seal for its product, VALid-POS®. The European Privacy Seal was awarded in March 2010, certifying its compliance with European Data Protection law and enabling Issuers to implement VALid-POS® on an opt-out basis only. In March 2011, ValidSoft was registered as data controller with the UK Information Commissioner's Office.

VALid-POS® is a groundbreaking fraud prevention solution which uses patent pending technology to access the global mobile phone network to confirm, in real time, whether a cardholder's mobile phone is within the proximity of the ATM or merchant terminal at which the card is being used. This practice minimizes the number of inappropriately declined cross-border transactions and, subsequently, improves fraud discovery rates. These results in reduced case-management processing costs for Issuers, reduced fraud levels and, critically, a seamless customer experience with legitimate transactions approved within one second.

ValidSoft's VALid® offers strong, mutual, multi-factor authentication and transaction verification that combats fraud across multiple banking channels. For telephone banking, the solution also provides voice verification through ValidSoft's voice biometrics solution, VALid-SVP™.

About ValidSoft
ValidSoft is a subsidiary of Elephant Talk Communications, Inc. (OTCBB: ETAK) (www.elephanttalk.com), and is a market leader in providing solutions to counter electronic fraud relating to card, the internet, and telephone channels. ValidSoft's solutions are at the cutting edge of the market and are used to verify the authenticity of both parties to a transaction (Mutual Authentication), and the integrity of the transaction itself (Transaction Verification) for the mass market, in a highly cost effective and secure manner, yet easy to use and intuitive. For more information, please visit (www.validsoft.com).

About Elephant Talk Communications
Elephant Talk Communications, Inc. (OTCBB: ETAK) is an international provider of business software and services to the telecommunications and financial services industry. The company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings. The company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services. For more information, visit (www.elephanttalk.com).

Contact Information

  • Contact:
    Elephant Talk Communications, Inc.
    Mr. Steven van der Velden
    Tel: + 31 20 653 59 16
    Email Contact
    www.elephanttalk.com

    Investor Relations:
    Alliance Advisors, LLC
    Thomas P. Walsh
    Tel: +1 212-398-3486
    Email Contact

    ValidSoft:
    Emmanuelle Filsjean
    Tel: +44 (0)20 3170 8999
    Email Contact

    Fishburn Hedges:
    Tel: +44 (0)20 7839 4321
    James Gilheany and Paul Farrow
    Email Contact